On the recommendation of the 15th Finance Commission, the NBC for States is fixed at 3% of the Gross State Domestic Product (GSDP) or ₹8,59,988 crore in absolute terms for the Financial Year (FY) 2023-24. The Union government decided to deduct liabilities arising from the public account...
The Finance Commission for the first time will dedicate an entire chapter on health financing. Finance Commission: It is a constitutional body. It sets the formula for distributing tax income between the Center and the states. UnderArticle 280of the Constitution, the President of India constitutes ...
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59. The Madhya Pradesh Public Service Commission shall consist of maximum (A) Four Members (B) Five Members (C) Six Members (D) Seven Members Answer(D) 60. The power to grant to refuse leave to the Comptroller and Auditor General shall vest in the (A) Finance Minister (B) President (...
1. Masato Kanda has been elected as the 11th president of ADB. The Asian Development Bank (ADB) Board of Governors has elected Masato Kanda as ADB’s president. He is currently serving as Special Advisor to Japan’s Prime Minister and Minister of Finance. ...
Finance Ministry has added these commodities under the Securities Contracts (Regulation) Act, 1956. With this permission, the total number of commodities in which derivatives trading is allowed has increased to 104. The 11 commodities include skimmed milk powder, cement, apple, bamboo and timber. ...